MagneGas Co. (NASDAQ:MNGA) shares rose 8.6% during mid-day trading on Monday . The company traded as high as $0.38 and last traded at $0.38. Approximately 932,500 shares changed hands during mid-day trading, an increase of 173% from the average daily volume of 341,561 shares. The stock had previously closed at $0.35.
Separately, ValuEngine raised shares of MagneGas from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 12th.
The company has a debt-to-equity ratio of 0.08, a current ratio of 0.70 and a quick ratio of 0.26.
A hedge fund recently raised its stake in MagneGas stock. Virtu KCG Holdings LLC lifted its holdings in MagneGas Co. (NASDAQ:MNGA) by 709.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,468 shares of the oil and gas company’s stock after acquiring an additional 96,829 shares during the quarter. Virtu KCG Holdings LLC owned 1.85% of MagneGas worth $136,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.23% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “MagneGas (MNGA) Stock Price Up 8.6%” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/12/11/magnegas-mnga-stock-price-up-8-6.html.
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions.
Receive News & Ratings for MagneGas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagneGas Co. and related companies with MarketBeat.com's FREE daily email newsletter.